(Corrects headline to delete reference to lower sales volume)
The company, which makes Pepsi Cola, Frito Lay snacks and Quaker oatmeal, said net income for the fourth quarter ended on December 29 was $1.26 billion, or 77 cents per share, compared with $1.83 billion, or $1.09 per share, a year earlier.
Last month Pepsi Bottling Group Inc
(Reporting by Martinne Geller; Editing by Derek Caney)